Infibeam Avenues Ltd.– Approaching Volatility Zone

🔍 Quick Technical Snapshot: Current Price: ₹23.06 (+9.97% weekly gain) Primary Trend: Broad uptrend with multiple higher swing lows since 2022. Key Action: Stock has reclaimed the mid-term trendline and is now approaching a critical horizontal resistance zone. 🔑 Key Levels: Immediate Resistance: ₹25.00 – ₹26.15 (prior supply zone) Immediate Support: ₹22.70 (trendline retest zone) Secondary Support: ₹20.00 (prior base) 🚀 Bullish Case: Breakout above ₹26.15 may trigger accelerated price action and heightened volatility. RSI (not displayed here) is likely supportive, considering the strong price momentum. Volume has been steadily rising during the recent rally. ⚠️ Bearish Case: Failure to cross ₹26.15 can lead to short-term pullback towards ₹22.70–₹20.00. Resistance has historically been a strong selling zone. 📌 Summary: View Support Resistance Bias Short-Term ₹22.70 ₹25.00–₹26.15 Cautiously Bullish Medium-Term ₹20.00 ₹26.15 Bullish above ₹20.00 Long-Term ₹17.00 ₹35.00+ Bullish if structure holds 👉 Watch ₹26.15 carefully. Breakout = possible fast move | Rejection = potential consolidation. 📢 Disclaimer: This is for informational purposes only. Nothing herein is a buy/sell recommendation. I may or may not hold positions in the stock mentioned. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully.